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Frank61
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Posts posted by Frank61
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I think the U.S gov leaked the info to wiki-leaks to get rid of mailki who was being backed by iran.
I totally agree that the US leaked that stuff. I also dont doubt its true. We got rid of one Saddam, we dont need another one.
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What are we Looking For In The "Coming Days"
http://articlesofinterest-kelley.blogspot.com/2010/10/what-are-we-looking-for-in-coming-days.html
Great post !! The best one Ive seen in a while. Spells things right out. Thanks !!
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Check out this article!!!!
Great post. It seems we are really starting to get somewhere with this govt !!!
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What does this mean ?
NOTHING.......
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i just discovered this whole concept last week and want to get on board. what is the best and safest way to purchase dinar. i had originally planned to go to a currency exchange store w/ a stack of cash (USD) and leave w/ a bigger stack of iraqi dinar. turns out there arent any locally. then i thought of going to a world bank (same issue). since i began researching the dinar, i have stumbled upon numerous websites to buy online, as well as numerous websites warning people to not buy online. what is the best and safest way to purchase dinar? i am assuming there is no etf to buy into (that would be way too easy). thanks in advance.
Like dinar trade.com . Very reliable. if you order over 1 million IQD you will need to send them a copy of your bank check first to verify the funds.
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Med says to (07:05:14):
DID YOU KNOW THAT A GROUP MADE UP BY WARREN BUFFET
HOLDS 20% OF ALL THE DINAR IN THE U.S.
I CAN’T TELL YOU HOW I KNOW
BUT I DO
I GAVE MY WORD ON IT
I HAVE A 20 PAGE DOC
FROM HIS GROUP
AND IT HAS ALL THEIR INFO AND EXPECTATIONS
I CAN SAY THIS
Cool says to (07:07:15):
this is something we just never knew about before only the big shots got in on it
Med says to (07:07:17):
THEY EXPECT IT TO COME IN AT A LOW OF .96
AND A HIGH OF AROUND $3
THEY ARE NOT TOTALLY SURE
Buffet is probably a member of this group. We have some well known people in the group.
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My issue is filling in the info it asks me for a phsyical street address of the Citibank Branch?? it doesn"t show me a place to enter my IQD account# just the Citibank #. How do you get around this?
I would just wire to the warka swift code and the main branch address in Baghdad with your name on it. Then send a separate signed and scanned email saying that you want the money put into your IQD acct #. Give it a few days.
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Thanks for the info Mark, great post !!
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Rumor still. But makes sense if it is really a reality.
Dinar to be same or just .01 HIGHER, than Kuwait's Dinar.
Currency exchanger for today is : 1,000,000 KWD = USD $3,556,184.16
$Three Million Five Hundred Fifty Six Thousand One Hundred Eighty Four Dollars and 16/100 cents
HAPPY HAPPY JOY JOY!!!!!!
Iraq's will be A PENNY HIGHER, hopefully?? Add another = $10,000
That IS a fun way to look at it. And it IS reality and will be for us !! Geez you got me all fired up !!
GO RV!!!
<3 THANK YOU GOD!!! And Bless Us All Each And Every One! <3
{{ 7 Beautiful Beating Hearts Full Of Joy Happiness! }}
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this is what gives the dinar speculaing the 'scam' flag and generally a bad name... it proves the Iraq Dinar is getting attention worldwide, good or bad - and whenever that happens there are snakes in the grass...
The article is already assuming that these folks who invested have lost their money !! Based on what facts ?? Typical financial world hype to scare everyone. Shame on Bloomberg ......again !!
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Hi Folks,
Couple of quick questions here regarding cashing in domestically (within the US).
I've personally contacted both the Bank of America and Wells Fargo, as to my understanding, they would be banking institutions that would be utilizing the De-La-Rue system for handling Iraqi Dinar Exchange. When I contacted each of the Foreign Exchange departments, they both came back with "we will not be handling exchange on behalf of Iraqi Dinar, and don't know of any banking institutions that will be".
Needless to say, this has caused some concern in handling the exchange once the RV has taken place.
Does anyone have any confirmed banking institutions that they are personally aware of that are prepared with the De-La-Rue system to facilitate exchange? If so, could you provide us contact information?
Next question, if the Dinar are owned by a company, like an LLC or INC. does anyone know what will be required by the financial institution domestically, to process the exchange? IE. TIN# for the company, any personal identification, etc.?
Thanks & can't wait for that RV!
Join the VIP group and you will get all that info and more ....
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News from a friend...
One of my best friends just left my house. She dropped by the tell me she finally bought some Dinar. She had spoken to 2 financial consultants about it after speaking with me. Today one of the financial consultants called her on the phone and told her to be sure to buy Dinar if she had not done so. He told her that there was a lot of Buzz going on in the financial world about the Dinar. The last time she spoke to him he said he had heard something may happen with it but did not think it would occur for a few years. Just wanted to pass that along to everyone.
Thought it was another good sign of things to come! Hope everyone is having a great day! Ann
I have enormous faith in Iraq and the IQD and Adam Montana. However I have no faith in any so called "Financial Consultant ". All most of them know is how to jump on the bandwagon at the eleventh hour or how to sell us a so called "investment product "which yields them a healthy comission. Most of them are hurting for cash these days and it makes me laugh.
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I just tried to log on to the Warka Site. It said it has been hacked.
The front page has been hacked. No need to panic it will be resolved as soon as the bank opens in 8-9 hours I am sure.
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Yes, I am absolutely a newbie ... I have invested in dinar and only because I had a tip given to me by someone who ... well let's say in the KNOW. Now I am wondering if you can really be in the know. From all that I have read and from all that I can see my mind still cannot come to a conclusion that the Dinar will increase in value or at least increase in the values I see listed throughout this website or any website for that matter. I am a pretty positive person and the reason for my worry is "IF THEY CHANGE THE AMOUNT OF THE DINAR" and being that there are many dinar that have been used for trade and the Dinar is being used to sell and buy things now, plus all of us who have a vested interest and the dinar is only worth maybe 1/10 of a penny, how in the world would or could the dinar change to even a $1.00. There are more Dinar's out there than money in the entire world now so how could this happen? Anyone who can give me a positive response would definitely make my year. I hope this hasn't been asked before as I have ran out of eye strength to read any more topics looking for an answer. I wish for the best but have to use logic to some degree as I believe all of you logically based buying the dinar for some solid reasons.
Have you read Adam Montana`s book about the Dinar on this site ?? It would answer all of your questions. There are so many people on this site who have not and come to the forum and ask the same questions overe and over again.
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SOMETHING BIG ABOUT TO HAPPEN........
Ok...,where are we? There is so much going on in the world and dinar world it's amazing. I am a guy who likes to read lots of info and then form my opinion. I'm a scavenger. Let's talk about dinars first.
Think about this.....
Sixteen days no auctions..(no $$ in or out of Iraq)......STRANGE
US Election Nov 2nd.................................................VOTE
Trylo says RV by Nov 3rd 2.00 plus
Scooter says RV very soon..........................................TOTALLY VALUEABLE SOURCE
Tiac says over 4.00 plus
Many Many say first two weeks in November.
Forex pinging in places at 3.22
Rumors From Multiple Bank sources showing................TO MANY TO IGNORE
Wells Fargo...3.00 plus
Bof A.......3.13
Chase.......3.00
Others...1.00 to 3.00
Dinar drying up
Adam Montana...working on Tax Free POST investments
Terryk planning huge post party to benefit Vets (Dec.).....LOVE THIS
Iraq Parliment ordered back to work...............................EXCELLENT
G-20 Pledges to avoid Devaluation..................................HUGE
A mystic predicts Nov 3rd..............................................PICKED WEEKS AGO LOL
don't promote other sites....optimistic
Positive Rumors ...Everywhere
Goldman Sacks Large Purchase Rumord
Currencies are driving the stock market............................RARE EVENT
BEYOND DINARS............
Greenspan.... "Small group believes financial system could breakdown...worldwide"
Hannity said on Thursday. He's on vacation within the next couple of weeks due to major world events
(I heard this myself) Obviously gold would go up if major problem. But... is he talking about problem?
Obama to talk of financial reform after Nov. 2nd (Take credit for RV) ?
2nd Carrier to Persian Gulf with 60 warplanes ...RUMOR
BOTTOM LINE.....
Think of how your life has been....and know this. The upcoming election won't be decided by R's,D's, or the T Party. It will be decided by Corporate America...and hopefully this time...US. There are over 5 lobbyists for every congressman we have. Jobs in America are now few as for years they have been shipped overseas. Vote...you can be heard...if you do or don't like whats going on. It's up to all of us and even though the checkbook rules at my house many times...and in Congress...this time we need to VOTE. You see...I BELIEVE PEOPLE DESIRE TO BE PART OF SOMETHING BIGGER THAN THEMSELVES. IRAQ...DINARS...THE ELECTION...HELPING PEOPLE...IT'S ALL GOOD, AND IT'S ALL BIGGER THAN US.
WHAT I BELIEVE......
SOMETHING VERY BIG IS ABOUT TO HAPPEN.....everything I read leads me to believe it. I think we are CLOSE to the RV...maybe days or a couple of weeks. We are waiting for GOI to be seated....and I believe we will all be extremely happy. BUT MORE IMPORTANTLY...I think the month of NOVEMBER will reveal something that will change the world....I just don't know exactly what it is. BE AWARE ... BE HAPPY... AND BE PROUD OF AMERICA AS IMPERFECT AS IT MAY BE. I HAVE SHARED THIS OPPORTUNITY WITH MANY...BECAUSE IN ONE WAY OR ANOTHER I LOVE THEM. SOME I HAVEN'T BEEN ABLE TO SPEND THE KIND OF TIME WITH THAT I'D LIKE. THAT WILL CHANGE. WE WILL SIP SOME FINE WINE SOON.
POURITFORWARD
Great information, great post !!
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Mechant Bridge officially started the Mesopotamia Fund on the ISX. Here's the article: http://www.ameinfo.com/245580.html
Merchantbridge launches Mesopotamia Fund to invest in Iraqi equities
Iraq: Monday, October 18 - 2010 at 10:20PRESS RELEASE
MerchantBridge, the international private equity group with diverse investment interests operating from Iraq, Lebanon, United Arab Emirates and the United Kingdom, has launched an Iraq equity fund, the "Mesopotamia Equity Fund Ltd".
The Mesopotamia Fund is an open ended fund that will capitalize on the expected long term growth of the Iraqi Stock Exchange (ISX). The market capitalization of the exchange, which reopened in 2004, has doubled to $3bn in the past five years and it currently has more than 90 listed companies, mostly untouched by foreign portfolio managers.
Key highlights to note about the Mesopotamia Fund include:
• The fund will invest across all sectors in the ISX.
• The Iraqi stock market is young with an unprecedented growth potential, as it currently represents less than 3.3% of GDP compared to over 80% for the GCC and 73% in KSA respectively.
• The ISX top 20 companies by market cap have outperformed most OECD and GCC indices since 2008 and are expected to rally over the next decade. Some of its blue chips include North Bank, Credit Bank of Iraq, Mansour Bank, and hospitality group Mansour Hotel.
MerchantBridge's new fund is being launched at a time when the government of Iraq is pushing for a number of key sectors to be privatized. An improving regulatory environment and an increasingly positive outlook is attracting international and institutional investors. Liquidity will grow further as the exchange extends its trading hours beyond the current two hours per day.
With infrastructure projects worth more than $220bn announced and oil companies already investing in excess of $100bn, oil production capacity will increase five-fold in the coming years. As a result, economic activity in the country is set to expand significantly. Basedon IMF estimates, Iraq's GDP is expected to grow at a rate higher than its GCC neighbors and most emerging markets in the coming years.
Mr. Basil Al-Rahim, MerchantBridge Group Chief Executive Officer, said today:
"We believe in long term investment opportunities in Iraq. Its sovereign wealth may well exceed many of its GCC neighbors by 2020 and this new fund will be an early mover in the trend towards greater international focus on Iraq's exciting investment landscape."
MerchantBridge is the largest private investor in Iraq to date, with investments of over $1.5bn in debt and equity since 2003.
Mr. Eric le Blan, MerchantBridge Chief Operating Officer, added: "We are proud to launch the Mesopotamia Fund as it will tap into the ISX, which although it is young, offers record growth for savvy investors who are considering investing in Iraq. This is an ideal opportunity for investors with a long term view and it offers an immediate and diverse entry into the Iraqi market".
Thanks for the heads up on this stock. I will definitely buy a lot of this !! Its almost like a Middle East Mutual Fund when you think about it.
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Hi Folks,
I hope all is well!!! After the last two weeks of riding this tumultuous "Roller Coaster" and internally questioning the validity of this investment , I decided to shift back to the basics and began reviewing the "concrete" information I had accumulated from the beginning. I am so glad I did this because my confidence has never been stronger!!!! THIS THING IS FOLLOWING THE PLAN AND IS ONLY TWO MONTHS OFF THE SCHEDULE -- I KNOW, I KNOW, THAT CAN'T POSSIBLY BE -- BUT IT IS!!!!. The IMF and World Bank accounted for a six month window after the election to form the government, mainly because it took them 6 months to form it after the last election. In addition, through the use of "UNDERPINNING", the IMF was able to continue forward with the plan even though there wasn't a Parliament or Prime Minister seated. As a result, the plan is only two months off, which isn't bad considering this plan began in 2002.
Nevertheless, I put this post together around the concept of "It's Only a Matter of Time" --- please review at your earliest and I will follow up with another post shortly. Instructions are below for this "multi-tiered" tool --- just remember there's LINKS everywhere. Oh yea, it is impossible to read everything in one sitting so take your time and enjoy it!
________________________________________________________________________________________________________________
Incredible presentation Scooter !! Thank you for that..
INSTRUCTIONS
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It seems as though the ISX REALLY surged on 10/24 ( sunday in Iraq ) . Very exciting news !!
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Has anyone funded thier Warka Account Using Bank of America? I can't seem to get it to go through?
Keep at it. I just wired more $$ into my account last week and had no problem. It did take about 2 days though. Remember Warka is not open on Friday, that is sunday in Iraq.
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UPDATE: Iraq To Begin Paying Oil Companies Next Year -Official
Thursday, Oct 21, 2010
(Adds details of the oil fields and companies)
By Hassan Hafidh
Of DOW JONES NEWSWIRES
BAGHDAD (Dow Jones)--The Iraqi government will start paying costs and remuneration fees beginning next year to international oil companies that won contracts to develop the country's prized oil fields, a senior Iraqi oil official said Thursday.
"We will start next year to pay back companies that reach certain production levels of crude from these fields as set by the contract," the official told Dow Jones Newswires.
Lets hope they get oil up to $100 barrel !!!
The firms will receive their payment in crude oil, the official said.
Iraq signed last year and earlier this year some 11 deals to develop one of the country's vast oil fields. According to the terms of the service contracts Iraq signed with the firms, Baghdad has to start paying back costs of developing these fields and remuneration fees when they achieve a 10% increase in production.
The first consortium to start receiving payment from these mega oil deals would be one made up of BPBP PLC (BPBP) and China National Petroleum Corp., or CNPC. It won the right to develop the supergiant Rumaila oil field in southern Iraq last year and is expected to increase output from the field 10% next month.
BPBP said that it alone would invest some $15 billion in the project over the 20-year-long contract. Independent oil industry sources had said that BPBP and its partner would make up to 15% profit from total revenues of the Rumaila oil field, which holds some 17 billion barrels of proven reserves.
BPBP and its CNPC partner promised to increase production from Rumaila to 2.85 million barrels a day in six to seven years from the current 1.07 million barrels a day.
Under the deal, BPBP holds a 38% stake in the venture, while CNPC has 37% and Iraq's South Oil Co. owns the remaining 25%. The three contractors receive a fixed fee of $2 for each additional barrel of oil produced from Rumaila. The foreign firms would be paid back for all the costs they incur while developing the field.
Companies such as Eni SpA (E), Italy's largest oil company in terms of reserves, along with Occidental Corp. (OXY) and Korea Gas Group (036460.SE), known as Kogas, would be also paid back next year as the are currently developing the giant Zubair oil field with an estimated proven reserves of 6.5 billion barrels.
Eni, in partnership with Occidental Petroleum Corp. (OXY) and Korea Gas Corp. (036460.SE), known as Kogas, set a plateau target of 1.2 million barrels a day for the Zubair oil field, to be reached in six to seven years.
Eni and its partners will be paid $2 for each extra barrel of oil they extract on top of current production at the field.
All contracting companies, however, will be liable for a 35% tax on profits. The consortium will be also paid all costs of developing the field.
-By Hassan Hafidh; Dow Jones Newswires; +962 799 831 831; hassan.hafidh@dowjones.com
(END) Dow Jones Newswires
21-10-10 1744GMT
Lets hope that they get oil up to $$100 per barrel !!
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Im really thinking within the next 10 days due to all the pressure and media attention...I hope.
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Found on a different site but have never seen this article before
Foreign Currency in Economic Feasibility Studies
The Exchange Rate of Foreign Currency in Economic Feasibility Studies
Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.
Estimate the shadow price of foreign currency:
1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.
The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.
* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.
In particular the following outputs and inputs of foreign currency were distinguished:
· Export-outputs.
· Outputs marketed locally that substitute imports.
· Imported inputs.
· Inputs produced locally that usually go to exports.
· Foreign labor.
According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules.
In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency .... etc.).
In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.
2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc.
The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:
The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods.
The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.
And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.
3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
It makes soo much sense. How can a country like Iraq continue to have a currency so under priced ?? Afghanistan is .0231 !! Does that make sense ?? Kuwait is 3.50 and needs Iraqs natural gas.......1.134 is a good place to start.
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Phoenix capsule....was it full of dinar ??
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[Adam Montana] Good morning DV!
[Adam Montana] I'm not here to announce an RV
[Adam Montana] although that would be nice!
[davhina] Adam Montana gm
[Dogmatic1] Adam Montana Good morning!
[Adam Montana] but I am hearing some awesome news, both from Iraq and locally
[AniseG] Adam Montana morning
[Adam Montana] morning
[EagleEye] Adam Montana good morning sir !!
[kaka] Gm
[kaka]
[Adam Montana] I also noticed a lot of new people asking about a potential l-o-p
[richpat822] Adam Montana Hi stranger, good to see u
[kaka] :-O
[linda55] Adam Montana , good morning to you
[Adam Montana] which I am starting to find amusing after this long... the CBI and everyone else in Iraq has plainly stated they know it won't do the country any ood
[Adam Montana] good*
[Adam Montana] and they also know it won't help the value of the Dinar
[Adam Montana] so
[kaka] hello linda mom
[Adam Montana] they are very clearly not going to do that (remove the 0s)
[Adam Montana] we also know that they already have smaller denoms printed
[linda55] kaka , hello to you
[Adam Montana] just not in circulation
[kaka] that,s great Adam Montana
[Adam Montana] because why would they waste time circulating something worth a thousandth of a penny?
[kaka] hmm
[Adam Montana] they will circulate those after the RV
[Adam Montana] anyway, the l-o-p question has been happening too much so I wanted to clarify that
[kaka] Adam Montana rv will happen end of this month ?
[Adam Montana] there are a lot of dates to watch
[Adam Montana] but one important one is the US elections - a lot will conincide with our elections, believe me on that!
[kaka] or it is sure dinar will br rv before 2011?
[Adam Montana] I'm not saying Nov 2 RV
[kaka] hmmmmmm thx
[Adam Montana] but we should see some key stuff fall in place VERY soon because of them
[Adam Montana] the reason is simple
[Adam Montana] we control a lot of what happens in Iraq
[Adam Montana] why do you think you hear about Biden etc meeting with MAliki etc so often?
[Adam Montana] because our debt
[Adam Montana] Iraq's wealth
[Adam Montana] etc
[Adam Montana] are all tied at the hip
[Adam Montana] so obviously with huge elections here in the US
[Adam Montana] we have power players and politicians holding power cards
[kaka]
[Adam Montana] and they won't play them until ater our election dust settles
[Adam Montana] I hope that makes sense
[kaka] yes it is
[Adam Montana] it's a "big picture" type concept
[Adam Montana] oh - we added some new mods and chat mods
[Adam Montana] show of hands from the room, are they doing good? Yes or no
[Adam Montana] (lol! Mods, your checks are on the line
)[linda55] yes
[00castle] Adam Montana i want to be a mod
[kaka] yes
[bubbie] nol ol
[shawnW] yes
[kaka] <born for mod
[ladymagician] yes
[bubbie] jk
[richpat822] great jobs
[sandy040] that davhina is a bit dodgy
[Adam Montana]
[bubbie]
[don1164] castle forget it ive been askin for 4 yrs
[Dogmatic1] sandy040
[00castle] don1164 it was worth a shot
[davhina] sandy040 very funny mate
[AniseG] don1164 awww
[Adam Montana]
[Adam Montana] right on, glad to see the room is in good spirits!
[ladymagician] gm e1
[sandy040] davhina sorry mate couldnt help meself
[davhina] sandy040 i would expect no less
[don1164] its true
[Adam Montana] ok I have a big project to finish this morning... just wanted to pop in and say hi and kind of clear up the bunny-ear issue
[Adam Montana] talk to you all later.
[Adam Montana]
[00castle] Adam Montana thanks for keeping us in the know, we all appreciate what you do.
That was good News !!
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Coincidence or Not??
in Dinar Rumors
Posted
So True. Just another reason why I dont discuss this investment with many people. Most just want a fast easy $$, they dont want to research or learn anything. Guess thats why the lottery is so popular !! Hmmm....